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1-8-4: FINANCIAL STATEMENTS:
   A.   Forms: Forms for all statements required by this chapter shall be prepared by the city recorder and copies thereof, together with a copy of this chapter, shall be furnished by the city recorder to the secretary of every committee and to every candidate without charge.
   B.   Filing; Dates: Each candidate or personal campaign committee shall file with the city recorder a verified financial statement containing the information required in this chapter, by five o'clock (5:00) P.M., on the following dates:
      1.   Seven (7) days before the date of the primary election, if the candidate is involved in the primary election;
      2.   Twenty (20) days after the date of the primary election;
      3.   Seven (7) days before the general election; and
      4.   No later than thirty (30) days after the date of the general election.
Notwithstanding the foregoing provisions of this subsection B, the personal campaign committee for a candidate shall be required to file a campaign finance statement on the dates specified in this subsection only during an election year in which the elective office that such candidate seeks is open for election.
   C.   Seven Day Period: During the seven (7) day period before any election, each personal campaign committee or candidate shall file with the city recorder a campaign finance statement disclosing each contribution over seven hundred fifty dollars ($750.00) within twenty four (24) hours after receipt of each such contribution. Such statement shall contain the information required by subsection E2 of this section.
   D.   Candidates Eliminated: Candidates for elective office who are eliminated at a primary election shall file a campaign financial statement, signed and verified by the candidate, containing the information required by this section not later than twenty (20) days after the primary election.
   E.   Contents; Reporting Date: The statement shall contain all expenditures and contributions within the reporting period that are received before the close of the reporting date. Each financial statement shall contain:
      1.   The sum totals of contributions, expenditures, loans and debts reported in previously filed financial statements within the election cycle;
      2.   A list of each contribution in excess of fifty dollars ($50.00) received by the committee, the amount of the contribution, the name and address of each contributor, and the date on which each such contribution was received;
      3.   An aggregate total of all contributions of fifty dollars ($50.00) or less received by the committee; and
      4.   A list of all expenditures made and obligations incurred but not paid during the reporting period, the name and address of every recipient to whom disbursement was made, and the purposes of the expenditure made or obligation incurred.
   F.   Multiple Election Cycles; Committee Disclosures: A personal campaign committee that endures beyond an election cycle and whose candidate files a declaration of candidacy in a new election cycle, shall include within its initial campaign finance statement required in the new election cycle a report of all of its campaign contributions, expenditures, loans and debts that have occurred since the reporting date of the last previously filed campaign finance statement of the committee or candidate.
   G.   Termination Report: In the event a personal campaign committee has permanently ceased operations, the candidate or committee shall file a termination report with the city recorder certifying that the personal campaign committee has permanently ceased operations. The termination report shall include a final campaign finance statement setting forth all campaign contributions, expenditures, loans and debts that have occurred since the reporting date of the last previously filed campaign finance statement of the candidate or committee. The campaign finance statement shall state the amount of any surplus funds and the name and address of any recipient of such surplus funds, and shall identify any debt which was paid or compromised and the name and address of any person to whom any debt was paid or compromised.
   H.   Certification: Each statement shall be certified by the secretary or by the candidate to the effect that all contributions and expenditures not heretofore reported have been reported and that there are no bills or obligations outstanding and unpaid except as set forth in the report.
   I.   No Contributions Or Expenditures: In the event the committee had no contributions or expenditures during the reporting period, the statement shall state that no contributions have been received nor any expenditures made.
   J.   Political Action Committees: Political action committees are required to register and file verified financial statements with the lieutenant governor's office pursuant to Utah Code Annotated sections 20A-11-601 to 20A-11-603 (2009), as amended.
(Ord. 2009-39, 6-9-2009)